SEJONG, March 18 (Korea Bizwire) – The number of South Koreans getting married fell at a double-digit rate to an all-time low in 2020 amid young people’s changing attitude toward marriage and the negative impact of the coronarvirus pandemic, government data showed Thursday The number of couples tying the knot in Asia’s fourth-largest economy reached [...]
SEOUL, March 14 (Korea Bizwire) — South Korea’s information security market grew to hit nearly 12 trillion won (US$10.6 billion) last year on the back of increasing demand for online services amid the pandemic, the ICT ministry said Sunday. Total sales of the industry, which includes digital and physical security sectors, reached 11.9 trillion won [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Koreans are estimated to have spent an hour on average on the mobile YouTube app a day last month, data showed Tuesday. The average time a local mobile user spent on the video streaming app in January stood at 30 hours and 34 minutes, or 59 minutes a [...]
SEOUL, Feb. 22 (Korea Bizwire) — Service output in 15 provinces and major cities declined last year as the new coronavirus outbreak dealt a blow to the face-to-face service segments, data showed Monday. The country’s service output fell 2 percent last year, according to Statistics Korea. Excluding Seoul, six cities and nine provinces posted an [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s online food market posted explosive growth in 2020 from a year earlier due to the fallout from the coronavirus pandemic, data showed Monday. The value of online food transactions in Asia’s fourth-largest economy came to 43.4 trillion won (US$39.2 billion) last year, up 62.4 percent from a [...]
SEOUL, Jan. 28 (Korea Bizwire) — Retail sales in South Korea rose 5.5 percent on-year in 2020 due to strong gains from the online segment in sync with the social distancing policy amid the unprecedented virus pandemic. The combined sales of local online shops shot up 18.4 percent in 2020 from the previous year, while [...]
SEOUL, Jan. 27 (Korea Bizwire) — The number of babies born in South Korea hit a new record low in November last year, data showed Wednesday, underscoring the country’s chronic low birth rate. The number of deaths rose to the highest in 37 years, leading to the population declining for the 13th straight month, according [...]
SEOUL, Jan. 20 (Korea Bizwire) — The number of registered vehicles in South Korea grew nearly 3 percent in 2020 from a year earlier, with that of green cars exceeding the 800,000 mark, government data showed Wednesday. The total number of car registrations came to 24,365,979 units at the end of last year, up 2.9 [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s data industry expanded more than 14 percent in 2020 from a year earlier to exceed the 19 trillion won level, a survey showed Tuesday. The local market for data stood at 19.3 trillion won (US$17.4 billion) last year, up 14.3 percent from a year earlier, according to [...]
SEOUL, Dec. 29 (Korea Bizwire) — The value of South Korea’s space industry stood at 3.89 trillion won (US$3.5 billion) last year, a report showed Tuesday. The industry’s size slightly dipped from that of 2018, when it reached 3.93 trillion won, according to data compiled by the Ministry of Science and ICT. The science ministry [...]